Common use of Assignment of Sublease Clause in Contracts

Assignment of Sublease. RESIDENT will not assign this LEASE, nor sublet the PREMISES, without first obtaining MANAGEMENT’S written consent. Any Sublease shall be on MANAGEMENT’S form (Sublease Agreement) and shall be signed by ALL persons therein designated. Any approval by MANAGEMENT to an assignment or Sublease shall not release the RESIDENT obligation under the LEASE. The original resident is responsible for obtaining a security deposit from the sublessee less any damages. A one hundred dollar ($100.00) Administrative Fee is charged for processing. Airbnb rentals are not allowed.

Assignment of Sublease. RESIDENT will not assign this LEASE, nor sublet the PREMISES, without first obtaining MANAGEMENT’S prior written consent. Any Sublease shall be on MANAGEMENT’S form (Sublease Agreement) and shall be signed by ALL persons therein designated. Any approval by MANAGEMENT to an assignment or Sublease shall not release the RESIDENT obligation from his/her obligations under the LEASE. The original resident is responsible for obtaining a security deposit from the sublessee less any damages. A one hundred dollar ($100.00) Administrative Fee is charged for processing. Airbnb rentals are not allowed.